BofA posts 1.81 billion lira in net sales on Borsa Istanbul

In a week when selling pressure deepened on Borsa Istanbul (BIST), foreign brokerage transactions were the main focus of market activity. As the BIST 100 index completed the week of October 19 to 23 losing 5.16% at 11,116.99 points, total net sales by Bank of America clients reached 1.81 billion lira (TRY).

Which stocks did BofA sell the most?

In weekly transactions, the highest net sales by BofA clients was 2 billion 295 million 716 thousand 612 lira in ASELSAN (ASELS). ASELSAN was followed by 1 billion 137 million 654 thousand 398 lira in net sales in Eregli Demir ve Celik Fabrikalari (EREGL). In Koc Holding (KCHOL) shares, net sales reached 670 million 927 thousand 491 lira.

Other stocks seeing the largest sales by the institution's clients included 366 million 806 thousand 529 lira in Enerya Enerji (ENERY) and 122 million 47 thousand 806 lira in Turk Altin Isletmeleri (TRALT). During the same week, net sales in Alarko Holding (ALBRK) shares amounted to 101 million 825 thousand 111 lira, while net sales in Tekfen Holding (TKFEN) shares reached 98 million 155 thousand 131 lira.

At what level did Borsa Istanbul finish the week?

During the period when the index closed the week with a loss of over 5%, sales by BofA clients were concentrated especially in large stocks with high trading volume. In the stock market analysis published by the institution, it was stated that interest rate conditions would be decisive for an exit from cash in equity markets.

This content is for information purposes only and does not constitute investment advice.